• New product added to Sri Lanka’s export basket

The Board of Investment of Sri Lanka signed a supplementary Agreement with Global Seafoods Ltd. on 17 May, to process Wakame seaweed for export in their existing factory complex. The Agreement was signed on behalf of the BOI by Board Chairman Mangala Yapa and by Global Seafoods Director Radhika Subasinghe, and Chandani Weragala signed on behalf of Nexia Corporate Consultants, secretaries to the company. Also present was Group General Manager Parakrama Weerasinghe.

Parakrama Weerasinghe stated: “Wakame is a seaweed found in the Pacific Ocean, which we will be importing from Japan, processing, and re-exporting to Japan. It is used for Japanese cuisine, especially soups, and some other dishes. It is the first time that this product is processed in Sri Lanka so Global Seafoods is very proud to be a pioneer in this field.”

He added: “Global Seafoods Ltd. started its operation in 1999 and is engaged in the processing and exporting of frozen and fresh fish globally. Our main markets are Europe and the USA. We also process sashimi-grade salmon products in Sri Lanka to be exported to Japan. That also is a new product for Sri Lanka’s export basket, which we introduced about 2 years ago. Earlier this particular salmon processing was done in Vietnam, but we were able to persuade our buyers to process it from Sri Lanka.

“We can therefore proudly say that Global Seafoods has introduced new fisheries and seafood products to Sri Lanka’s export basket.”

Global Seafoods is a company that employs more than 250 staff and supports the local fishing industry by purchasing the bulk of its raw material from local fishermen.

Original Source: http://www.ft.lk/business/Global-Seafoods-BOI-sign-agreement-to-process-Wakame-seaweed/34-678711